Scotiabank Has Bullish Outlook for Cameco FY2025 Earnings

Cameco Co. (NYSE:CCJ) (TSE:CCO) – Stock analysts at Scotiabank raised their FY2025 EPS estimates for Cameco in a research note issued on Sunday, April 13th. Scotiabank analyst O. Wowkodaw now forecasts that the basic materials company will earn $0.87 per share for the year, up from their prior forecast of $0.86. The consensus estimate for Cameco’s current full-year earnings is $1.27 per share. Scotiabank also issued estimates for Cameco’s FY2026 earnings at $1.23 EPS.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%.

Several other analysts have also recently weighed in on the stock. Desjardins initiated coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating on the stock. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Finally, Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $70.03.

Cameco Price Performance

Shares of NYSE CCJ opened at $40.81 on Wednesday. The stock’s 50-day moving average is $43.21 and its two-hundred day moving average is $49.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market cap of $17.76 billion, a price-to-earnings ratio of 145.74 and a beta of 1.04. Cameco has a 1-year low of $35.00 and a 1-year high of $62.55.

Institutional Investors Weigh In On Cameco

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dantai Capital Ltd raised its position in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after purchasing an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC purchased a new position in shares of Cameco during the fourth quarter worth about $895,000. Whalen Wealth Management Inc. acquired a new position in Cameco in the 4th quarter valued at about $445,000. Sprott Inc. lifted its position in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock worth $5,750,000 after acquiring an additional 34,483 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of Cameco in the 4th quarter valued at approximately $930,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.